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Thursday, August 02, 2012

KEY VOTE FOR SMALL BUSINESS: A Pathway to Comprehensive Tax Reform in 2013, H.R. 6169

SBE Council sent this KEY VOTE letter to all members of the U.S. House today regarding the vote on the "Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012." Entrepreneurs are sick and tired of the continued "talk" about tax reform. They want action!

August 2, 2012

Dear Member of the U.S. House of Representatives:

The Small Business & Entrepreneurship Council (SBE Council) strongly supports the Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012, H.R. 6169. America’s entrepreneurs and small business owners want a simple and less burdensome tax system. It needs to be globally competitive in order to promote growth and encourage investment. The time has come to stop talking about comprehensive tax reform. It is time to take action. H.R. 6169 provides a clear pathway to comprehensive tax reform in 2013.

Fixing the tax system is one of the most important steps Washington can take to assist business growth and entrepreneurship. The accelerated procedures included in H.R. 6169 to bring a tax reform bill to a vote in the House and Senate are needed. SBE Council strongly supports the specific tax provisions that provide the framework for the bill, which include:

• Consolidation of the current six individual income tax brackets into two, of rates not more than 10% and 25%
• A corporate tax rate of not more than 25%
• Repeal of the Alternative Minimum Tax (AMT)
• A broadening of the base to maintain an 18%-19% of GDP revenue level
• A move to a territorial system from our current worldwide system

Entrepreneurship and small business growth would surge under such a system. If the U.S. is to move back to robust levels of investment, job creation, entrepreneurship and economic growth, the tax system must be stable and globally competitive. Americans, and most certainly entrepreneurs, are eager for Washington to act on tax reform. H.R. 6169 is a crucial and welcome legislative step.

SBE Council will KEY VOTE H.R. 6169 as a vote for small business in its forthcoming Ratings of the 112th Congress. Thank you, in advance, for your support of America’s small business owners and entrepreneurs.

Sincerely,
Karen Kerrigan
President & CEO
Small Business & Entrepreneurship Council (SBE Council)